President Biden attempted to cancel $430 billion in student loans.

Posted by Louder with Crowder, Oct 5, 2026Checked Nov 2, 2026

Polygraph verdictTrue

Sources: 4 support3 context
Said: 1 time·
Confidence: 92%

Louder with CrowderOct 5, 2026

Multiple tier-1 and tier-2 sources report that Biden's administration attempted to cancel about $430 billion in student loan debt, and that the Supreme Court struck the plan down in June 2023. The claim matches the post's wording, and the figure is consistent with the sources' $430 billion (others say $400 billion).

What was said

… want to do, and, most importantly, on the heels of my debate at Harvard, free college for all, which is a glorified Ponzi scheme in which the taxpayer funds generational feminist Marxist propaganda and indoctrination, in which you lose the country forever. Remember, Biden tried to cancel 430,000,000,000 dollars in student loan till the Supreme Court struck it down. We'll pack the court. Let's also have some district courts block anything that might curtail the growth of government and encourage it: Woke 2.0. …

Louder with Crowder · Oct 5, 2026· from the transcriptPost →

What we found

Supports. Reuters reports the Supreme Court blocked Biden's plan to cancel $430 billion in student loan debt, a plan meant to benefit up to 43 million Americans.[1]

Supports. The Supreme Court's majority opinion, as quoted by Politifact, states the administration 'asserts that the HEROES Act grants him the authority to cancel $430 billion of student loan principal.'[2]

Supports. NBC News reports the program was estimated to cost more than $400 billion, and the court's quoted opinion cites $430 billion of principal, with the program struck down in a 6-3 ruling.[5]

Supports. The CRS report confirms the policy was announced by the Biden Administration in August 2022 and was held to exceed statutory authority under the HEROES Act.[4]

Context. Other outlets (AP, SCOTUSblog, PBS) describe the plan as $400 billion, a rounding difference rather than a contradiction of the core assertion. The claimed 'attempt' is the plan that was blocked.[3][6][7]